I think a CGI Watership Down would have been bad I do remember rumors of that a long time ago though. As for the series, I just accepted it for what it was, it was a typical kids series with overdone voice acting, poor animation and badly designed bunnies, that being said, I did enjoy a lot of aspects about the series, and Campion is one of my favourite series characters. This is the first news I've heard of a new series, and it sounds more like adapting the film story into a series, although I'd prefer they used the book.

It's a tough thing to do though, because most cartoon tv series are associated with kids, but WD isn't really a kids story, so who knows how they'll target it if it does end up being made.